To the best of my understanding, AML law, as currently written, doesn't work like that. It governs those who administer financial services. When originally wr

To the best of my understanding, AML law, as currently written, doesn't work like that. It governs those who administer financial services. When originally written it did not apply to cash and was not conceived of with decentralized financial applications in mind. If the law applied as you suggest, any one using cash could be deemed to be facilitating money laundering by enlarging the pool of anonymized money that criminals use.